Ricky, a capital raising is not the only way WGO can garner cash...

Ricky, a capital raising is not the only way WGO can garner cash for the next well.
Even STX a while back undertook a pre-sale of gas that was to be produced from the Cooper Basin.
They did just hire someone to market the gas...
Of course, I still think WGO is primed to be taken over, even though I have no proof, I just get the feeling that the large holders are happy to sell out (just speculation at this stage).

For example, AWE was scooped up for $600m, for a similar gas resource. WGO is 1/6 of that valuation right now.

There are no guarantees though! WGO management may indeed dilute themselves into oblivion, but... why would they want to do that.